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MOS International: (a new thread) Oil Engineers on the turnaround (MOI)     

chad - 12 Apr 2005 16:42

Now that we all know what the prospects for MOS are i.e. damn good, thought I'd get a new thread going and just highlight MOS' attractions for any new investors.

Key highlights:

* Significant progress made, rationalisation programme almost complete

* Acquisitions integrated well

* International marketing network established

* Record order books, enquiry levels high, several new customers won

* Recent Director buys

From the Chairman's statement:

Outlook

Over the past year the management team has extended the product range, put in
place in-house manufacturing, rationalised the existing business and greatly
expanded the marketing effort, opening up significant new markets to MOS
products. Once the acquisitions have been fully integrated MOS will offer a
wider product range to a broader market and have a much reduced cost base. We
have record order books, we have attracted major new customers and we are
targeting new markets, worldwide. Overall, we have made good progress and the
outlook remains extremely positive.

Trading Update

MOS International PLC ('MOS'), the oilfield services company, announces that
trading is in line with market expectations. TURNOVER FOR THE YEAR TO 31st MARCH 2005 IS EXPECTED TO BE CIRCA 10M COMPARED WITH 1.05M IN THE YEAR TO 31st MARCH 2004.

MOS currently has an order book in excess of 7m for delivery prior to the year
end.

The recent acquisitions have integrated well, the rationalisation programme at
MOS is almost complete and that at Ansell Jones will be completed in this
financial year.

Tender and enquiry levels remain high and the Board is positive regarding the
future. Significant progress has been made and the business is well on the road
to recovery, with turnover forecast to show a further considerable increase, in
the next financial year.

On a turnover of 10million with a profit of say 1million, this company is on a P/E ratio of just 8 (market cap being around 8million at present). This company has been overlooked by the institutions and investors alike and is due a big re-rating soon IMHO. DYOR as usual.

Chad.

paulgrip - 02 Jun 2005 11:46 - 259 of 890

Good to see volume picking up on good news!!

The Owl - 02 Jun 2005 12:11 - 260 of 890

...and max size reducing too. 1M 2weeks ago, 500k last week 345k yesterday, 153k lunch today. rigzone.com worth a look re CNOOC article & Gulf of Mexico where Patriot have repeat servicing business...

Sequestor - 02 Jun 2005 12:27 - 261 of 890

just added 1.55m+, but hasn`t shown up yet, watch out for the crash now--lol!!!!

The Owl - 02 Jun 2005 13:02 - 262 of 890

...how on earth did you get that many?!! must have a very good broker!! CFD's perhaps?? 3rd highest by volume traded on LSE today. SP SHOULD (never know with MOS!) rise this pm. Think the news flow is only just beginning...Nexen & CNOOC deals are the biggies...hopefully something by end of month.

Sequestor - 02 Jun 2005 13:22 - 263 of 890

No Natwest Broker line on a `fill or kill`, seemed to phase them a bit tho`, but I eventually got it @0.64p after chasing them on the ` phone- fill or kill shouldn`t take the 15 mins. to confirm as this one took.
checked on VirtX too, not on there, maybe it will turn up later,

Sequestor - 02 Jun 2005 13:26 - 264 of 890

ahah, there she blows, a late entry,

The Owl - 02 Jun 2005 14:23 - 265 of 890

...more +ve sector news. EXR (Expro) results today.
(Owl does not own Expro).

Sequestor - 02 Jun 2005 14:27 - 266 of 890

BETER AND BETTER.

chad - 02 Jun 2005 15:46 - 267 of 890

Great news guys. Glad I topped up yesterday. Looks like I was just in time. All we need now is a bit of momentum.

The Owl - 02 Jun 2005 16:45 - 268 of 890

...good sized 2.5M block trades after the bell. Should show momentum either tomorrow or (more likely) Monday.

EWRobson - 02 Jun 2005 16:58 - 269 of 890

Good to see the action today. Helpful posts. The block sales are T so presumably balancing the books exercises. Great to see confirmation of forecast turnover. As Owl says so wisely, strong relationship between t/o and profits and reorganisation costs chould all be in last year.

Looking for clarification of gromore's Patriot comments. Do we have any valuation of these shares, given that MOI are majority holders? What is significance of separate float; presumably MOI still benefit from consolidation of results?

Eric

gromore - 03 Jun 2005 00:09 - 270 of 890

Eric,
Please see quote below for Patriot. Currently valued at $2 with 4,000,000 shares having been subscribed to by 10 investors/directors. A futher 24.4million available for subscription. Potential value $56.8 million.
Significance: Moi is represented in the US market by PMHH and far more likely to gain US contracts. Splendid acquisition by MOI for only 18million MOI shares(see below) and already worth $5.76million dollars to MOI

"RNS Number:3392F
MOS International PLC
17 November 2004


MOS INTERNATIONAL PLC

Acquisition of Patriot Crane Inc.

MOS International PLC ("MOS"), the oilfield services company, announces that it
has completed the acquisition of Patriot Crane Inc. ("Patriot") and its
subsidiary SonBeck International for a total consideration of US$100,000, to be
satisfied by the issuing of 4,331,583 MOS new ordinary shares at 1.25p per
share.

Patriot is an independent manufacturer of pedestal mounted hydraulic marine
cranes, located in Spring, Texas, USA. The company designs, manufactures,
services, maintains, inspects, tests and refurbishes cranes and offers a 365 day
support service.

Additional details of the acquisition were announced on 11th May 2004 when the
'Heads of Agreement' was signed.

In addition, 13,536,200 MOS new ordinary shares have been issued at 1p per share
to certain employees of Patriot Mechanical Handling Inc, a 90 per cent. owned
subsidiary company of MOS, as consideration for services rendered."

QUOTE:-
"PMHH -- Patriot Mechanical Handling, Inc.
Com
Primary Venue: Pink Sheets

Best Bid: Unpriced
Best Ask: Unpriced
TRADE DATA
Last Sale: 2.0000
Change: +0.00
Percent Change: +0.00
Tick: Down
Daily High: 0 Daily Low: 0
Opening Price: 0 Volume: 0
Annual High: 2.0000
Annual Low: 2.0000
Dividend: 0.000 Earnings/Share: 0.00
Previous Close: 2.0000 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.46
Last Trade Date/Time: 05/11/2005
Trade data is delayed at least 15 minutes. Best Bid and Ask reflect prices between 8:00am and 4:00pm EST, after these hours the best Bid and Ask at 4:15pm is shown.

If you are an investor in a Pink Sheets quoted company, tell them to sign up for real-time level two quotes so you can view free real-time inside and level two quotes in their stock. Otherwise you can always subscribe to our www.OTCQuote.com product."


MOI's share value in PMHH alone is about to dwarf MOI's current Market Cap not to mention the likelyhood of substantial orders. There will be cash injections into Moi's coffers as it reduces its holding in PMHH to 50%.

Sequestor - 03 Jun 2005 12:25 - 271 of 890

this MUST be re-rated soon, to see hundred thousand share deals going through for a few hundred quid is most offputting- min. one for ten split needed-NOW

moneyplus - 03 Jun 2005 12:42 - 272 of 890

not yet thanks---I want to accumulate!!

plm2349 - 03 Jun 2005 16:24 - 273 of 890

whoever is selling now must have a big cashflow problem!!!!!!!!!!!!!!!!!!!!!!

moneyplus - 03 Jun 2005 16:27 - 274 of 890

picked up a few more today!

chrissie - 06 Jun 2005 17:08 - 275 of 890

I heard somewhere that we should get some more news this month. Has anyone been in touch with Bankside Consultants lately?

markusantonius - 06 Jun 2005 17:54 - 276 of 890

Moneyplus,

I was tipped these recently and done a bit of my own research - but would you pay up to? And what are your reasonable expectations in the short term?

moneyplus - 06 Jun 2005 18:59 - 277 of 890

I'm hoping for 2p by Xmas-then next set of results should point the way. if the company has really turned around it should head back towards former prices which were much higher. Only my opinion though we really need the experts to look over this one. my last buy was 0.63 so will be happy to see it break through 1p. cheers MP

chrissie - 06 Jun 2005 22:52 - 278 of 890

I'm hoping for 2p AT LEAST when results are published.
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